是的. The language in Paragraph 12A(1)(b) does not restrict the contribution based on loan type, but does provide an order in which a seller’s contribution will be applied. If there are not any expenses that the buyer is prohibited from paying by a governmental loan program, then the seller’s contribution would next be applied to the other buyer’s expenses as allowed by the lender. 第12A(2)段定义了“买方费用”.”
I submitted an offer on a home for my client and included the Third Party Financing Addendum for Credit Approval for a conventional loan. In Paragraph 12A (1)(b) of the TREC One to Four Family Residential Contract (Resale), we wrote that the seller would contribute to the buyer’s expenses not to exceed $1,500. The listing agent told me I cannot put a seller contribution amount in this paragraph because the buyer isn’t seeking an FHA or VA loan. Can the seller contribution apply to a buyer’s expense in a conventional loan?
I represent buyers who are interested in purchasing a home and want to ask the seller to pay for part of their closing costs. They intend to use conventional financing instead of FHA financing, 所以不会有联邦住房管理局禁止的费用. 在买方报盘中我该如何处理?
An amount for a seller’s contribution to the buyers’ closing costs should be in Paragraph 12A(1)(b) of the contract. If the buyers were using a government loan program for the purchase, this contribution would first cover expenses related to the program, 但这并不适用于这种情况. 而不是, the seller's contribution would first cover the buyers’ prepaid items and then the buyers’ other expenses up to the amount listed for the seller's contribution. 这些费用的定义见第12A(2)段。.
A buyer and a seller agree that the seller will pay for the survey under Paragraph 6C(1) of the TREC contract. 他们还同意卖方最多支付2美元,000 of the buyer's expenses under Paragraph 12A(1)(b). 调查的费用在2美元之内吗,000, or will the seller pay the cost of the survey in addition to the $2,000?
Checking Paragraph 6C(1) makes the survey a seller’s expense—not a buyer’s expense—so the seller will pay for the survey in addition to up to $2,000美元的买方费用.
If the seller wants to limit his contribution to the buyer’s survey costs, the most direct approach is to check Paragraph 6C(2) and include the amount the seller wants to contribute in Paragraph 12A(1)(b).
My buyer client wants to include in her initial offer a requirement that the seller repair a specific item listed in the seller’s disclosure notice as in need of repair. She also wants to request that the seller contribute to closing costs. What is the best way to prepare the offer with these terms?
Paragraph 7D(2) of the TREC contracts is the appropriate section to cover a seller's agreement to repair a specific item of the property. General phrases that do not identify specific repairs, 如“受检查”,是不合适的.
Paragraph 12A(1)(b) should be used to show the seller's contribution to the buyer's closing costs. This paragraph already provides for language to limit the seller's obligation to the amount shown in the blank space. Note that the paragraph also controls the order in which the seller's contribution shall be applied to various buyer's expenses.